sp'60min
sp'daily5
Summary
We're in a clear accelerating wedge on the hourly chart. A break to the downside is likely, but it remains a lousy situation for the bears. At what level will the break happen? 1422 would make sense for some kind of intra-day swing/reversal point.
Yet, there is no catalyst to build downside momentum. There is no volume...and thus the algo-bots remain entirely in control. The melt up is set to continue.
What remains clear, we continue to put in higher highs..and higher lows.
Next update, 12pm